It sounds cliche, but you should buy when you find the property you like. Now is a competitive time and no one knows how long it will last. If you wait and it continues up, you have lost more purchasing power. If it goes down, you've scored, but timing that is impossible.
If you have purchased the home you like, you are more likely to be comfortable there longer. If you haven't already talked to a mortgage broker, you should, so that you can get a sense of your purchasing power. There may be some gem that fits exactly what you want, or you may find that there are other areas in the city that could work too.
All the best
Zephyr Real Estate
BRE No. 01188380
SOLD! Congrats to another client that got the keys to this fabulous condo in Noe Valley, San Franciscotoday. I successfully negotiated my clients bid against multiple offer and today a new chapter be
77 Dow #908 Event PageModern Loft in San Francisco’s South of MarketImagine a Dwell lifestyle in the heart of San Francisco. This modern loft-like condominium creates a sleek backdrop for the most discriminating
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Where You Can Buy A Home With 5% Down And No PMINo one likes to pay for private mortgage insurance (PMI). PMI is insurance you the buyer pays for that the lender collects on if you default on your mortgage. PMI
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I don't see any single room hotels however there properties with 5 or more units for less than $1.5M:
Broker Associate - dre 1844627... more
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Are you looking at foreclosures listed with a Realtor or talking about buying at auction?
If at auction you will need all cash, be bidding against veteran investors, the price will be the highest bidder, you could have issues with clear title, and you won't be able to do inspections.
If you are talking about properties listed on the MLS none of those things apply, but the final price will likely be higher as most properties in San Franciso are getting overbids. Additionally, the buyer is responsible for paying closing costs, appraisal if wanted, and inspections if wanted.
Foreclosures are also different in terms of process, so you want someone helping you who knows how to handle them. We have done a lot if you want some info.
Lance King/Owner-Managing Broker
King Realty Group
DRE# 01384425... more
I put a full price offer in on that house! What do you mean I didn’t get it? You diligently searched for homes for sale online, toured some that you really liked, and you found some winners. And there’s
A enticing question for a Realtor, an all cash buyer for $1M.
My answer is simple, without all your information, needs and possible plans it is really hard to advise you on the investment side. I would suggest calling me to sit down and review your options to see if making a purchase here makes sense seeing as you may move in the near future.
Good luck, I am sure you will see many answers to this Q.